Aussie bonds yields hit new records on global cratering

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The Australian bond curve continues to collapse today along with the rest of the world. Aussie long yields are trading at record lows of 1.97% on the ten year and 1.62% on the five while the short end is close to new lows as well at 1.55%:

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Likewise, longer duration bonds are breaking records worldwide in Germany:

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Japan:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.